DELAWARE (Bloomberg): Three former Credit Suisse Group AG bankers were charged in New York with defrauding US investors who helped provide more than US$2bil in loans to Mozambique, thrusting another global bank into a fundraising scandal involving a developing nation. Andrew Pearse, a former managing director at the bank, Surjan Singh, a managing director of its global financing group, and Detelina Subeva, a vice president in that unit, were arrested in London Thursday and face extradition to the US, according to prosecutors in Brooklyn, New York. The underlying indictment also names Manuel Chang, Mozambique’s ex-finance chief, as a defendant. He was arrested Dec 29 in South Africa and has said he will fight extradition.

Source: The Star January 04, 2019 06:33 UTC